Housing Profile
Sarasota County, Florida

• Population, 2007: 387462. Sarasota County ranks # 14 of Florida's 67 counties in population.

• Households, 2007: 177625

• In 2030, Sarasota County is projected to have a population of 529802, ranking it # 15 of Florida's 67 counties.

Projected Total Population, Sarasota County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Sarasota County	387462	400603	436104	468804	500301	529802
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

Existing Home Values (Based on County Property Appraisers' Just Value)

• Single Family Home, average just value, 2008: $282612. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $66496.
• Condominium, average just value, 2008: $300399.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $368033 in 2007. The median sales price that year was $243000, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Sarasota County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Sarasota County	Condominiums	114400	105500	115000	120700	129600	136000	151900	167500	190000	230000	259000	279450
Sarasota County	Single Family Homes	97800	104900	112000	120900	132500	143500	155000	170000	199900	254900	269900	243000
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Sarasota County households in 2000 was $711 per month, compared to a statewide median rent of $641.

• In Sarasota County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $804 for a studio apartment, $880 for a one-bedroom, $1059 for a two-bedroom, $1352 for a three-bedroom, and $1486 for a four-bedroom unit.

Households by Monthly Rent Paid, Sarasota County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Sarasota County	1706	760	661	3606	11740	7544	3621	1668

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 47450 Sarasota County households (27%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 19389 households in Sarasota County (11%) pay more than 50% of income for housing.

Households by Cost Burden, Sarasota County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	130175	28061	19389
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Sarasota County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	108542	20563	12897
Renter	21633	7498	6492
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

Household Income

• In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Sarasota County and the surrounding metro area, the HUD-estimated median income for a family of four is $59600 in 2008.

Households by Income and Cost Burden, Sarasota County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	3629	1798	7996
30.01-50% AMI	6458	5552	5360
50.01-80% AMI	17305	9989	3693
80.01+% AMI	102783	10722	2340
Total	130175	28061	19389
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 73957 households in Sarasota County (41.6%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 132348 of elderly households in Sarasota County (89.2%) own their homes.

• 17078 elderly households (23%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Sarasota County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	56879	9996	7082
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 135264 households in Sarasota County (76%) are made up of 1-2 persons in 2007. 27% of these households pay more than 30% of income for rent or mortgage costs.

• 34061 households in Sarasota County (19%%) are made up of 3-4 persons in 2007. 24% of these households pay more than 30% of income for rent or mortgage costs.

• 8298 households in Sarasota County (5%%) are made up of 5 persons or more in 2007. 27% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Sarasota County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	98271	21205	15788
3-4	25853	5307	2901
5+	6050	1547	701
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 15233 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Sarasota County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
5655	4039	5539

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Sarasota County was 1796 square feet.

Year Structure Built, Sarasota County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
3604	3579	14993	24402	52442	47896	35551	Sarasota County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 3135 housing units (2.1% of all units) in Sarasota County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 1135 units (0.8%) in Sarasota County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 826 units (0.5%) in Sarasota County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 410 units (0.2%) in Sarasota County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.